Newswatch 16 has learned former State Senator Bob Mellow resigned his seat on the board of directors for the parent company of Penn Security Bank.
The resignation comes just six days after federal prosecutors announced Mellow had reached a plea deal to plead guilty to tax evasion and public corruption charges.
Mellow was on the board of the company that owns Penn Security Bank based in Scranton. That bank has a dozen branches in our area.
The federal government accused Mellow of corruption
The board of directors announced Mellow’s resignation at its meeting Tuesday.
A source tells Newswatch 16 Mellow is also expected to leave his seat on the board of Blue Cross of Northeastern Pennsylvania.
That health insurance company released a statement Monday saying Mellow still had his position, and the “matter currently facing Senator Mellow has been referred to our board.”